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Dec 28, 2012
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reid, mr. obama starting the warfare about taxing the rich. reid sat on the bill. why didn't he bring it up for a vote? why didn't it get fair debate? mr. reid hasn't passed a budget and we going to believe they're serious about the fiscal problems? let's go offense the cliff. >> we have two cameras outside the white house right now. that one i believe is perched on pennsylvania avenue and we have another camera which is perched facing the side entrance. those are the suvs that likely boehner, mcconnell, pelosi and reid will come out of. let's talk about the deal. what if there's a deal, craig, for, i don't know, say 4 hr $500,000 the threshold of who gets taxes and who keeps -- everybody under that number keeps their tax cuts. everyone over pays more and there's spending cuts. is that a bad deal? >> yeah. i think it is. let me tell you why. because you can't get everything out of this deal that you want and frankly, all we're doing is kicking the can down the road. you know as well as i do this does nothing to deal with the $1 trillion plus deficits we have yearly
reid, mr. obama starting the warfare about taxing the rich. reid sat on the bill. why didn't he bring it up for a vote? why didn't it get fair debate? mr. reid hasn't passed a budget and we going to believe they're serious about the fiscal problems? let's go offense the cliff. >> we have two cameras outside the white house right now. that one i believe is perched on pennsylvania avenue and we have another camera which is perched facing the side entrance. those are the suvs that likely...
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Dec 29, 2012
12/12
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senator reid said a vote could happen on monday, but people have heard so much talk about the crisis but seen precious little action. the president tonight echoing that frustration. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. america wonders why it is that in this town for some reason you can't get stuff done in an organized time table. why everything always has to wait until the last minute. well, we're now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. >> but it remains to be seen whether lawmakers on both sides of the aisle get it. some even sounded miffed to have to work over the holiday. democrats senator charles schumer telling the "new york times," i didn't realize how much i didn't want to be here until i got here. and rand paul saying he would rather be playing soccer with his kids and telling the "times" quote, this is no way to run things. and wall street agrees, the dow industrial is losing more than 150
senator reid said a vote could happen on monday, but people have heard so much talk about the crisis but seen precious little action. the president tonight echoing that frustration. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. america wonders why it is that in this town for some reason you can't get stuff done in an organized time table. why everything always has to wait until the last minute. well, we're...
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Dec 28, 2012
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so joining me, i think we still have joy ann reid from the grio. i want to ask you if you're still there about the comments that -- i'll just read them out from harry reid, the senate majority leader. he said there was a long meeting at the white house, it was very constructive. we hope it will bear fruit but that's what we hope to learn. he said i think the next 24 hours will be tre instructive as to what we're able to accomplish. we talked about a lot of things. there's no concrete proposal at this time he said. we have a number of different directions we're going it try to take and we're going to see what can be worked out. joy, if they're talking like this in vague terms, does this make us feel like there's something going on? i mean, obviously there's a communication there, but without a concrete proposals, how quickly can they turn this around? >> well, you know what, richard, i think this could be john boehner learning the lesson of not to put out any specifics he can't deliver on. we were just talking about that before. he's been burned bef
so joining me, i think we still have joy ann reid from the grio. i want to ask you if you're still there about the comments that -- i'll just read them out from harry reid, the senate majority leader. he said there was a long meeting at the white house, it was very constructive. we hope it will bear fruit but that's what we hope to learn. he said i think the next 24 hours will be tre instructive as to what we're able to accomplish. we talked about a lot of things. there's no concrete proposal...
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Dec 29, 2012
12/12
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and i have asked senator reid to do this. put a bill on the floor that makes sure that taxes on middle class families don't go up. that unemployment insurance is still available for two million people. and that lays the ground work for deficit reduction and economic growth steps that we can take in the new year. but let's not miss this deadline. >> as for the leaders they sounded a bit more hopeful than the president. >> i think it was a very positive meeting. there was not a lot of hilarity in the meeting. everyone knows how important it is. it is a very serious meeting and it would take an extended period of time as you know, waiting for us. >> i share the view of the majority leader. we had a good meeting down at the white house. we are engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference, and the majority leader can make to his conference. and so we'll be working hard to try to see if
and i have asked senator reid to do this. put a bill on the floor that makes sure that taxes on middle class families don't go up. that unemployment insurance is still available for two million people. and that lays the ground work for deficit reduction and economic growth steps that we can take in the new year. but let's not miss this deadline. >> as for the leaders they sounded a bit more hopeful than the president. >> i think it was a very positive meeting. there was not a lot of...
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Dec 27, 2012
12/12
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reid, mcconnell, boehner and pelosi. . joining me to talk more, we have peter alexander standing by at the white house as well as nbc's mike viqueira on capitol hill. some verbal smackdown, basically flipping the lights back on and harry reid taking to the floor to eviscerate speaker boehner. >> the sad part is you often seen the floor opened that way. mitch mcconnell being later today. i'm sure we'll hear something later. to hear it two days after christmas and a matter of days before we go through the fiscal cliff, obviously not encouraging. harry reid says time is running hout. he doesn't know if they could go through the legislative hurdles. if they have the votes around here, they can legislate the sky is green and the grass is blue. that's not an issue. what harry reid is really saying is mitch mcconnell, get on board, don't try to filibuster. of course they're talking about a bill that had raise capital on couples making more than $250,000 a year, and do a few other nuts and bolts that are deemed the bare minimum th
reid, mcconnell, boehner and pelosi. . joining me to talk more, we have peter alexander standing by at the white house as well as nbc's mike viqueira on capitol hill. some verbal smackdown, basically flipping the lights back on and harry reid taking to the floor to eviscerate speaker boehner. >> the sad part is you often seen the floor opened that way. mitch mcconnell being later today. i'm sure we'll hear something later. to hear it two days after christmas and a matter of days before we...
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Dec 28, 2012
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it's more than senator harry reid has done on behalf of the senate democrats. the senate democrats haven't proposed a budget. and unless everyone puts a budget on the table there can't be a discussion. senator harry reid has a pocket veto on the budget. >> and that's not within the law. the law says the congress has to pass a budget every year, the senate has to pass a budget but harry reid has chosen not to bring a budget year after year after year. he's not committed to dealing with the major problem of the country, the spending. >> and it's sort of interesting. nevada re-election him, that's their choice but the rest of the country is held hostage. people in my home state of wisconsin, if they don't like harry reid has majority leader there's nothing they can do. they can put pressure on their senators, but for the most part senator harry reid is in a very powerful position. >> i think he's taking orders from president obama. this is time for the president of the united states to lead. there's only one person who has the pen who can sign into law the law pre
it's more than senator harry reid has done on behalf of the senate democrats. the senate democrats haven't proposed a budget. and unless everyone puts a budget on the table there can't be a discussion. senator harry reid has a pocket veto on the budget. >> and that's not within the law. the law says the congress has to pass a budget every year, the senate has to pass a budget but harry reid has chosen not to bring a budget year after year after year. he's not committed to dealing with the...
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Dec 23, 2012
12/12
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i just spoke to speaker boehner and met with senator reid. i have asked congress to work on a package that prevents a tax hike on middle-class americans, protect unemployment insurance for 2 million americans, and lays the groundwork for further work on growth and deficit reduction. that is an achievable goal. that can get done in 10 days. once this legislation is agreed to, i expect democrats and republicans to get back to washington and have it passed both chambers. i will immediately signed it into law before january 1 of next year. averting this tax hike is not a democratic or republican responsibility. with their votes, the american people have determined that governing is a shared responsibility between both parties. in this congress, laws can only pass with support from democrats and republicans. and that means nobody gets 100% everybody has to give a little bit in a sensible way. we move forward together, or we do not move forward and all. the holidays, i hope it gives everybody can drink some eggnog and have some christmas cookies, s
i just spoke to speaker boehner and met with senator reid. i have asked congress to work on a package that prevents a tax hike on middle-class americans, protect unemployment insurance for 2 million americans, and lays the groundwork for further work on growth and deficit reduction. that is an achievable goal. that can get done in 10 days. once this legislation is agreed to, i expect democrats and republicans to get back to washington and have it passed both chambers. i will immediately signed...
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Dec 27, 2012
12/12
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the democrats are wasting no time in the event harry reid needs the vote to avert the fiscal cliff. but the house? a different story. speaker john boehner held a conference call with republican leadership today, and basically decided to do nothing. there are no immediate plans to return to washington. even as that decision is made, how members have 48 hours to get there. house republican leadership released a statement today reading in part, the house has acted on two bills which collectively would avert the entire fiscal cliff if enacted. those bills await action by the senate if the senate will not approve and send them to the president to be signed into law in their current form. they must be amended and returned to the house. the house will take this action on whatever the senate can pass, but the senate must first act. the house has passed bills that would never pass the senate. speaker boehner's position is a joke. senate majority leader harry reid responded, house republicans pushed middle class families closer to the blip by wasting an entire week with their incompetent plan
the democrats are wasting no time in the event harry reid needs the vote to avert the fiscal cliff. but the house? a different story. speaker john boehner held a conference call with republican leadership today, and basically decided to do nothing. there are no immediate plans to return to washington. even as that decision is made, how members have 48 hours to get there. house republican leadership released a statement today reading in part, the house has acted on two bills which collectively...
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Dec 30, 2012
12/12
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harry reid has hunls of bills bottled up. the idea that one bill is entitled, well, in fact, both the senator and i would love to have some things unbottled for an up or down vote. it's not the process or fair to divide america. >> i've got to run. to be continued. i hope you'll come back. thank you so much. thank you all for being here. i appreciate it. >>> up next, why neglecting rural america could be costly for everyone. later, the washington game that never gets old. >> kicking the can down the road. >> we're not going to address it by kicking the can down the road. >> kick the can down the road when it comes to solving the larger problem of our deficit. s, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. but i'm still stubbed up. [ male announcer ] truth is, nyquil doesn't unstuff your
harry reid has hunls of bills bottled up. the idea that one bill is entitled, well, in fact, both the senator and i would love to have some things unbottled for an up or down vote. it's not the process or fair to divide america. >> i've got to run. to be continued. i hope you'll come back. thank you so much. thank you all for being here. i appreciate it. >>> up next, why neglecting rural america could be costly for everyone. later, the washington game that never gets old....
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Dec 28, 2012
12/12
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unless i'm missing senator reid here. it looks like he might still be in the building at this point. >> the republicans have left the building pretty much. >> reporter: that's right. >> leaving the democrats to talk about this. so it doesn't look that great. stay right there. let's talk about this with some market pros, morgan lander and stephen nicholas is with us, ed moy and rick lake was with us earlier. chad morgan lander, what do you do? investors are watching all of this, they want some direction and they want to get ready for 2030 and the nonsense continues in washington. >> well, the market is going to get sloppy over the next two weeks until they get a resolution, and you should fully expect that they will get a resolution, and it will be just a short-term resolution. once you get, that the market will then snap back, so we're expecting between a 5% and 7% correction within the market until that time comes, but do you want to layer in risk. you want to be buying good quality companies at this point in time as the
unless i'm missing senator reid here. it looks like he might still be in the building at this point. >> the republicans have left the building pretty much. >> reporter: that's right. >> leaving the democrats to talk about this. so it doesn't look that great. stay right there. let's talk about this with some market pros, morgan lander and stephen nicholas is with us, ed moy and rick lake was with us earlier. chad morgan lander, what do you do? investors are watching all of...
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Dec 28, 2012
12/12
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president obama, john boehner, nancy pelosi and harry reid, many mitch -- mitch mcconnell all in one room. danielle nottingham tells us it maybe the last chance to get any kind of agreement to avoid that fiscal cliff. >> reporter: president obama is meeting today at the white house with top congressional democrats harry reid and nancy pelosi and leading republicans mitch mcconnell and john boehner. it's the president's first meeting with congressional leaders since november 16th. the closed door discussions are an attempt to reach a last minute agreement to avoid automatic spending cuts and tax increases due to kick in january 1st. >> probably the worst case scenario will come out of this meeting today and that is we will kick the can down the road. >> reporter: senator bob courter told cbs this morning he predicts the meeting will bring only a temporary solution. >> this afternoon's meeting feels much to me like optics to make it look like we're doing something. let me just say one more time this is a total dereliction of duty at every level. >> reporter: going over the cliff would
president obama, john boehner, nancy pelosi and harry reid, many mitch -- mitch mcconnell all in one room. danielle nottingham tells us it maybe the last chance to get any kind of agreement to avoid that fiscal cliff. >> reporter: president obama is meeting today at the white house with top congressional democrats harry reid and nancy pelosi and leading republicans mitch mcconnell and john boehner. it's the president's first meeting with congressional leaders since november 16th. the...
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Dec 29, 2012
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we assume harry reid is here and their staffs are going back and forth. i spoke to one aide who said don't expect for any details to leak tonight. they'll be closed-lipped about this because the idea if anything does leak out it gives more of an opportunity for folks on either party to kill a deal if they don't like what they hear. some sort of a agreement will be announced tomorrow when the house is back in session and the senate is back in session and they can go back to say hey, this is the best opportunity. as far as the likelihood of this kraig, things have not been going well and there's optimism here and there and things are fluid like kristen says and it will be the final deal, but what we do know is these folks on capitol hill are very mindful of the damage that can be done to the economy if nothing is brief. we've had five down days in the stock market and we're preparing the country on tuesday for the first tax increase in 20 years, and i think finally at the end, that's starting to resonate at least with some of the elder members of both sides
we assume harry reid is here and their staffs are going back and forth. i spoke to one aide who said don't expect for any details to leak tonight. they'll be closed-lipped about this because the idea if anything does leak out it gives more of an opportunity for folks on either party to kill a deal if they don't like what they hear. some sort of a agreement will be announced tomorrow when the house is back in session and the senate is back in session and they can go back to say hey, this is the...
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Dec 28, 2012
12/12
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senate majority leader harry reid leaving right now. we'll come in and out of this conversation with whatever news we have. you talk about regulation and things that impact the big banks. what is your outlook for 2013 given we have a lot coming down the pike in the way of more rules and potentially more costs for this industry? >> well, you know, when we're looking at regulation, we've been in the process, you know, since we went through the financial crisis of adapting to new regulation. the banks have been able to, you know, double their excess capital, improving their overall base of capital to the point now that they're even meeting the basel iii guidelines for the most part. when you look at the stress tests and what we'll go in march they have been able to derisk their balance sheets and able to build capital so we can pay out twice as much of our incremental earnings we had last year. when you look at liquidity, we've been able to build liquidity on the balance sheets. deposit growth has been very strong. so for the most part we'
senate majority leader harry reid leaving right now. we'll come in and out of this conversation with whatever news we have. you talk about regulation and things that impact the big banks. what is your outlook for 2013 given we have a lot coming down the pike in the way of more rules and potentially more costs for this industry? >> well, you know, when we're looking at regulation, we've been in the process, you know, since we went through the financial crisis of adapting to new regulation....
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Dec 29, 2012
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bush, harry reid, leader mcconnell, secretary of state hillary clinton and my colleagues in government this is a special day to honor a special person in a special place. for many years i have followed tragedies and victories of this uncommonly courageous and persistent woman. in 1988 she quickly rose to be the voice of democracy in burma creating the lead for democracy, elections followed in 1990 when her party won 80% but that joy turned to tragedy and the the military junta and aung san suu kyi spent 3 decades under house arrest unable to visit her dying husband. in 1996 i recall senator bill cohen approaching with senator mccain to sponsor a burma sanction bill, sanctions were put in place in 1997 and only loosened in july of this year. senator mcconnell became one of aung san suu kyi's chief advocates and we continue to work on behalf of the people of burma. in 2003 following an assassination attempt senator mcconnell and i worked to pass an important man the remains in place today, an effort to bring about further reform and i must say burma is extremely lucky to have a champion
bush, harry reid, leader mcconnell, secretary of state hillary clinton and my colleagues in government this is a special day to honor a special person in a special place. for many years i have followed tragedies and victories of this uncommonly courageous and persistent woman. in 1988 she quickly rose to be the voice of democracy in burma creating the lead for democracy, elections followed in 1990 when her party won 80% but that joy turned to tragedy and the the military junta and aung san suu...
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Dec 28, 2012
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that stokes investor hopes for a fiscal cliff deal and this coming just a few hours after harry reid's comments sent the dow into a tailspin. we have complete coverage in this developing story which is happening tonight as we speak. also, as supplies from the obama team, ep achieve lisa jackson stepping down. can the coal companies finally breathe a sigh of relief? guess what happened in britain when the uk banned handguns. the surprising result that could change the gun control debate. "the kudlow report" start ises right now. >>> the big news tonight, still the developments in washington on the fiscal cliff, eamon javers joins us with the details. >> good evening, meshel. capitol hill sources tell cnbc that congressional leaders are planning to go to the white house tomorrow to meet with president barack obama and it is not entirely clear at this point when that meeting will take place and details are still being hammered out and we saw today a blistering series of rhetorical jabs from one side to the other and it's not clear as a result of all that whether a deal can, in fact, get h
that stokes investor hopes for a fiscal cliff deal and this coming just a few hours after harry reid's comments sent the dow into a tailspin. we have complete coverage in this developing story which is happening tonight as we speak. also, as supplies from the obama team, ep achieve lisa jackson stepping down. can the coal companies finally breathe a sigh of relief? guess what happened in britain when the uk banned handguns. the surprising result that could change the gun control debate....
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Dec 22, 2012
12/12
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today president obama met with senator harry reid. he gave a statement saying he expected republicans to come back after christmas before the end of the year to try again. mr. boehner gave his own statement saying maybe something could break the rules a little bit and start in the senate to fix the problem instead of starting with his side in the house. if that happens and they can put something together on the senate side that can pass the senate, and that can earn all of nancy pelosi's 193 democrats in the house, they would need, then, 25 republicans to defect and vote with all the democrats to save the country. to save us at least from a self-inflicted recession. they would need 25 republicans. among the republicans who did side with john boehner last night on one bill that he was able to pass before it all fell apart, among the republicans who were on john boehner's side last night were exactly 25 republicans who are not coming back to congress after this year, who are gone as of january and on whom the usual republican centrifuga
today president obama met with senator harry reid. he gave a statement saying he expected republicans to come back after christmas before the end of the year to try again. mr. boehner gave his own statement saying maybe something could break the rules a little bit and start in the senate to fix the problem instead of starting with his side in the house. if that happens and they can put something together on the senate side that can pass the senate, and that can earn all of nancy pelosi's 193...
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Dec 29, 2012
12/12
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agreement between the two leaders in the senate, i expect a bill to go on the floor, i asked senator reid to do this, put a bill on the floor that makes sure that taxes on miedddle class families don' go up, that unemployment is still available for 2 million people on that lays the groundwork for additional deficit reduction on economic growth steps that we can take in the new year but let's not miss this deadline. >> as for the two senate leaders, they spoke shortly after the meeting on sounded a bit more hopeful than the president. >> i think it was a very positive meeting. there was not a lot of hilarity in the meeting. everyone knows how important it is. it's a very serious meeting on it took an extended period of time, as you all know waiting for us. >> mr. president, i would just add -- i share the view of the majority leader, we had a good meeting down at the white house. we are engaged in discussion, the majority leader on myself on the white house >> -- so i'm hopeful. >> the american people are watching what we do here. obviously their patience is already thin. this is deja vu a
agreement between the two leaders in the senate, i expect a bill to go on the floor, i asked senator reid to do this, put a bill on the floor that makes sure that taxes on miedddle class families don' go up, that unemployment is still available for 2 million people on that lays the groundwork for additional deficit reduction on economic growth steps that we can take in the new year but let's not miss this deadline. >> as for the two senate leaders, they spoke shortly after the meeting on...
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Dec 23, 2012
12/12
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FBC
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harry reid. the senate has not passed a budget more than three years. the senate has not passed anything on the fiscal cliff greathouse have something with economics. all the senate has to do is pass something and they can go to a conference committee to get the whole thing ironed out. i think kerry reid and the senate and obama, because the democrats in the senate are doing his bidding, that is where the real obstacles to getting something done. >> there was a perception created that the vote last night would increase taxes. now, i disagree with that characterization. but that impression is out there. the number of our members who just really didn't want to be perceived as having to raise taxes. that was the real issue. gerri: in some ways he was talking about grover norquist. the man it is about this tax pledge where is the common ground there? >> the reason that we have a plan be now is because the houses are devoted to pass all of the bills. gerri: but how do you find common ground there? them and that's what the speaker was trying tdo. he was talki
harry reid. the senate has not passed a budget more than three years. the senate has not passed anything on the fiscal cliff greathouse have something with economics. all the senate has to do is pass something and they can go to a conference committee to get the whole thing ironed out. i think kerry reid and the senate and obama, because the democrats in the senate are doing his bidding, that is where the real obstacles to getting something done. >> there was a perception created that the...
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Dec 28, 2012
12/12
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john boehner shot back saying that reid needs to talk less and legislate more. but really this comes down to working out, cobbling together something that can get support. president obama wants that tax cut threshold to be at $250,000. well, mitch mcconnell poured some cold water on that yesterday. so they need to come to some sort of agreement on where the threshold would be. we don't know what it would be yet in the senate. >> 250,000 for the democratic side and republicans couldn't even agree on a million. that's a $750,000 gap they have to close. let's hope they do that. thank you. >>> commanders in chief past and present paying tribute to retired general norman schwarzkopf this morning. the commander of coalition forces during the gulf war died yesterday at 78. schwarzkopf was the face of military briefings during the first cable news war. former president george h.w. bush who is hospitalized, said the general was a true american patriot, one of the great military leaders of this generation. >>> new york city police are looking for a woman who pushed a man
john boehner shot back saying that reid needs to talk less and legislate more. but really this comes down to working out, cobbling together something that can get support. president obama wants that tax cut threshold to be at $250,000. well, mitch mcconnell poured some cold water on that yesterday. so they need to come to some sort of agreement on where the threshold would be. we don't know what it would be yet in the senate. >> 250,000 for the democratic side and republicans couldn't...
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Dec 23, 2012
12/12
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now, to harry reid. he made the rounds saying that mitt romney didn't pay taxes for ten years. >> the word is out that he hasn't paid any taxes for ten years. let me him that he has paid taxes, because he hasn't. >> now reid said he got his information from a former bane investor. without any further explanation, he was awarded the maximum number of pinocchios. also u.n. ambassador susan rice has come to terms with the circumstances that led her to take her own name of of the running for secretary of state. her opening line, quite, my talking points for this evening have been provided to me and fully cleared by the intelligence community. how could this possibly go wrong? believe it or not, things took a turn for the palin later on in her speech. quote, day after day, i engage in highly substantive, highly technical negotiations with my colleagues here at the u.n. like the russians. as a matter of fact, i can see the russian mission from my house. >>> finally, did you think the holidays would come and go
now, to harry reid. he made the rounds saying that mitt romney didn't pay taxes for ten years. >> the word is out that he hasn't paid any taxes for ten years. let me him that he has paid taxes, because he hasn't. >> now reid said he got his information from a former bane investor. without any further explanation, he was awarded the maximum number of pinocchios. also u.n. ambassador susan rice has come to terms with the circumstances that led her to take her own name of of the...
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Dec 28, 2012
12/12
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senator harry reid came out and spoke to reporters on capitol hill telling them that the next 24 hours here are going to be crucial. that would imply to me that there's something in the mix on the senate side on the fiscal cliff negotiations. what that is, we'll have to find out from the president perhaps at 5:45. >> okay, we'll go back to you for that. thanks so much for keeping us updated. the question at this point is, what impact could going over the cliff have on the u.s.'s credit rating. let's bring in sean egan from egan-jones, he's on the phone tonight. if we go over the cliff, i'm assuming the credit rating agencies, other than yours, the others ones, there's a certain amount of time during which they can review the ratings and then decide. it's not an automatic thing. >> that is correct. the first step is to put it under review. then there will be an assessment of how badly we go over the cliff and also whether there will be any reform on titlements. the deficit has been improving. the federal deficit has improved over the last couple quarters. >> so is it the case that perha
senator harry reid came out and spoke to reporters on capitol hill telling them that the next 24 hours here are going to be crucial. that would imply to me that there's something in the mix on the senate side on the fiscal cliff negotiations. what that is, we'll have to find out from the president perhaps at 5:45. >> okay, we'll go back to you for that. thanks so much for keeping us updated. the question at this point is, what impact could going over the cliff have on the u.s.'s credit...
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Dec 27, 2012
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i think if harry reid does it, fine. let him do it. we need to think of what the country needs more than what each party does and concerned about the election on january 3rd? if nothing happens, he may have to worry about the election, john boehner. what i would advise him to do, he doesn't seek my advice, let me give you some advice. be what you want to be. do what you have to do. and democrats will support you if you do that. >> do you think at this point there's even enough time to get a deal done? realist achally. >> absolutely. there is time. now, i know we went out of session today and won't be in session technically until monday. that can change over the weekend. through emergency. so what happens to saturday and sunday? i mean, we all rather be with our families and friends but the fact is america needs this done right now. you know what's disappointed me most of all, craig? talking heads, many of them on television and some members of my own party saying, well, it won't be as bad. we'll take it up in the new congress. i think
i think if harry reid does it, fine. let him do it. we need to think of what the country needs more than what each party does and concerned about the election on january 3rd? if nothing happens, he may have to worry about the election, john boehner. what i would advise him to do, he doesn't seek my advice, let me give you some advice. be what you want to be. do what you have to do. and democrats will support you if you do that. >> do you think at this point there's even enough time to get...
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Dec 22, 2012
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what he's done here is he's clearly put the ball with the president and leader reid's court here, and to pass something not just with their own partisan support and a little bit of the republican support and in a strange way, and i don't think speaker boehner meant to do this, but he put the ball in the president's court which i don't think the president wanted to do that, but he owns part of this. >> here is part of the problem. >> we're seeing the collapse in any effectiveness of the republican party when it comes to congress. you just lost the presidential election with a pretty definitive victory for the president and the majority of americans and even those who didn't vote for him agree with his approach on the economy and then you have the republican speaker, can't get his own people to support him and basically what it looks like is the republicans throwing up their hands and advocating their responsibility and the way the constitution is set up the congress does have a role to play here and essentially you have republicans saying mr. president, it's all on you and you just hav
what he's done here is he's clearly put the ball with the president and leader reid's court here, and to pass something not just with their own partisan support and a little bit of the republican support and in a strange way, and i don't think speaker boehner meant to do this, but he put the ball in the president's court which i don't think the president wanted to do that, but he owns part of this. >> here is part of the problem. >> we're seeing the collapse in any effectiveness of...
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Dec 28, 2012
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that was harry reid. you just saw -- what the two of them said was what we had learned from others about the meeting that is in the next 24 hours we may learn if there's going to be a deal and whether this will bleed into 2013. it's up to senator reid and mcconnell say, it's going to be something i can sell to my caucus and it's going to be something that he can sell to his and senator reid said, look, it's not going to be perfect. that much we knew already. 24 hours, those two men trying to come up with something that will not just pass their caucuses but passed by enough in the house to avoid this fiscal cliff. so we will keep you abreast of that again. we'll hear from the president at 5:45 eastern time. that's in about 15 -- 25 minutes. >>> despite what you might think, congress is getting some work done. today senate sent president obama a bill that reauthorizes eavesdropping on communications in search of possible terrorists. in doing so, lawmakers brushed away concerns about violating privacy. >> th
that was harry reid. you just saw -- what the two of them said was what we had learned from others about the meeting that is in the next 24 hours we may learn if there's going to be a deal and whether this will bleed into 2013. it's up to senator reid and mcconnell say, it's going to be something i can sell to my caucus and it's going to be something that he can sell to his and senator reid said, look, it's not going to be perfect. that much we knew already. 24 hours, those two men trying to...
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Dec 29, 2012
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if harry reid and mr. mcconnell can't come up with something, then you have barack obama's proposal and he wants that up or down vote, and one way or another, he is going to try to get people on the record. >> and joy, before it gets to the house republicans, there are plenty of republicans in the senate who could mess this up, right? even if mcconnell and reid have a deal, there is not a guarantee that there is not a single tea party-backed senator who would stand in the way and say it won't pass me. >> are you giving rand paul the side eye? >> i had him in mind, true. >> and at the end of the day, mitch mcconnell is a better leader of the caucus than boehner is, and mcconnell has controlled the levers of the filibuster process, and the tact that he is meeting with harry reid means there won't be a filibuster and i would be surprised if he could not whip the congress. we have not seen a weaker speaker of the house than john boehner who has essentially thrown up the hands and walked away from the process a
if harry reid and mr. mcconnell can't come up with something, then you have barack obama's proposal and he wants that up or down vote, and one way or another, he is going to try to get people on the record. >> and joy, before it gets to the house republicans, there are plenty of republicans in the senate who could mess this up, right? even if mcconnell and reid have a deal, there is not a guarantee that there is not a single tea party-backed senator who would stand in the way and say it...
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Dec 24, 2012
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he is at the table, senator reid, and others. guest: i am not sure that john boehner will be at the table. he said it is now up to the senate, i am going home. it is not taking my ball and going home, but it is doing as much as you can. he is literally looking to his republican colleagues in the senate to work with harry reid to get something acceptable. if he does, that will put significant pressure on house republicans that did not otherwise exist. i want to push back a little bit. since may, i thought that john boehner -- he made a speech back in december where he talked about $1 for spending cuts for every $1 increase in borrowing. red meat for the tea party wing. it was clearly an attempt to say, i am your guy. it is not clear to me at the moment that, one, anybody would want the job, and two, that there really will not be a challenge. it has to come together very quickly. they do not need somebody to beat boehner. all they have to do is withhold 18 republican votes in the house. he would get an absolute majority and would n
he is at the table, senator reid, and others. guest: i am not sure that john boehner will be at the table. he said it is now up to the senate, i am going home. it is not taking my ball and going home, but it is doing as much as you can. he is literally looking to his republican colleagues in the senate to work with harry reid to get something acceptable. if he does, that will put significant pressure on house republicans that did not otherwise exist. i want to push back a little bit. since may,...
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Dec 28, 2012
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where we are awaiting boehner, pelosi, reid, mcconnell. all the major players to go into the white house, meet with the president, try to get a fiscal deal done. that meeting, 3:00 p.m. eastern time, in other words, in about eight minutes from now. any headline that comes out of it, you will hear first right here on the worldwide leader in business news. all right. let's forget theory for a moment and find out how the cliff may impact real businesses right here in america, so let's reconvene our "street signs" small business all-star panel. joining us president and owner of maria's italian kitchen and a new face to cnbc, david martin from h.j. martin & son in green bay who i met when i walked into his family store this summer and got a tour of the place. david, thank you very much for joining us. madeline, first, are you worried? are you customers going to stop eating at maria's if we go over the fiscal cliff? >> i don't know, brian. i've got my parachute packed. how about you? >> pasta parachute? that's terrible, sorry. >> full of lots of
where we are awaiting boehner, pelosi, reid, mcconnell. all the major players to go into the white house, meet with the president, try to get a fiscal deal done. that meeting, 3:00 p.m. eastern time, in other words, in about eight minutes from now. any headline that comes out of it, you will hear first right here on the worldwide leader in business news. all right. let's forget theory for a moment and find out how the cliff may impact real businesses right here in america, so let's reconvene...
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Dec 27, 2012
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harry reiry reid says the u.s. probably going over the fiscal cliff. >> would it be betser for america if we did go over the fiscal cliff? coming up? >> announcer: if congress fails to come to an agreement on the fiscal cliff, the u.s. unemployment rate will top over 9% in 2013. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ >>> coming up, we'll see how correct or in correct our predictions were for this year. we'll check in on commodities. we've also got
harry reiry reid says the u.s. probably going over the fiscal cliff. >> would it be betser for america if we did go over the fiscal cliff? coming up? >> announcer: if congress fails to come to an agreement on the fiscal cliff, the u.s. unemployment rate will top over 9% in 2013. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello?...
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Dec 29, 2012
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reid thinks the next 20 four hours are important? you're supposed to as investor be thinking long term. to leave this down to the last minute like this is cruel and is a distic to investors. one of the reasons you saw the tremendous drop today. you mentioned monday night being volatile. that is holiday day. it is thinly traded. with the fiscal cliff literally occurring you can bet it will be extremely volatile sunday and monday night. adam: spencer, if i were in individual stocks seems not it the time to sell them or will we see that. >> the important thing to keep in mind with stocks, one part we have to worry about is the fiscal cliff. we have taxes and spending to worry about there. but what the real issue is, in my opinion is the debt ceiling debate that is just around the corner. adam: oh, joy of joy. >> if we get some deal with the fiscal cliff which i think we will and our politicians are the worst even a blind squirrel will occasionally find a nut. they will get this done sometime by january 15th or something like that. if th
reid thinks the next 20 four hours are important? you're supposed to as investor be thinking long term. to leave this down to the last minute like this is cruel and is a distic to investors. one of the reasons you saw the tremendous drop today. you mentioned monday night being volatile. that is holiday day. it is thinly traded. with the fiscal cliff literally occurring you can bet it will be extremely volatile sunday and monday night. adam: spencer, if i were in individual stocks seems not it...
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Dec 29, 2012
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reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up or down vote to protect the middle class from an income tax hike, extends the vital lifeline of unemployment insurance to 2 million americans looking for a job, and lays the groundwork for future cooperation on more economic growth and deficit reduction. i believe such a proposal could pass both houses with bipartisan majorities as long as those leaders allow it to come to a vote. if members of the house or senate want to vote no, they can, but we shall let everybody vote. that is the way this is supposed to work. if you can get a majority in the house and in the senate, then we should be able to pass the bill. the american people are watching what we do. their patience is already thin. this is dÉjÀ vu all over again. america wonders why it is that in this town you cannot get stuff done in an organized timetable. everything always has to wait until the last minute. we are at the last minute. the american people are not going to have any patients f
reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up or down vote to protect the middle class from an income tax hike, extends the vital lifeline of unemployment insurance to 2 million americans looking for a job, and lays the groundwork for future cooperation on more economic growth and deficit reduction. i believe such a proposal could pass both houses with bipartisan majorities as long as those leaders allow...
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they're both having their problems and you know, two weeks ago now that harry reid was spending all of his time trying to find popcorn for a special showing of the lincoln movie? get to work people. >> neil: that's right, by the way, we have it on good authority he did find way to get a waiver so they could have food in the auditorium. i don't think it was buttered, just regular. >> no way, that's so good. >> neil: ben stein, the bottom line, nothing gets done and back and forth continues. >> it's a disgrace, first of all, aim not sure there are 330 million americans and your data may be-- >> 328.4, i digress. >> the real issue to me, the simple thing, they're our representatives, they're the government. they're supposed to be governing, not supposed to be pouting and throwing fits. they're supposed to be governing and this is a big giant issue, they've got to get to work. this, this comic game playing and pout ang showing off, it's a disgrace and they've got to come back and i think the president should call them back into session and get to work. >> i totally disagree. >> i knew you
they're both having their problems and you know, two weeks ago now that harry reid was spending all of his time trying to find popcorn for a special showing of the lincoln movie? get to work people. >> neil: that's right, by the way, we have it on good authority he did find way to get a waiver so they could have food in the auditorium. i don't think it was buttered, just regular. >> no way, that's so good. >> neil: ben stein, the bottom line, nothing gets done and back and...
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. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a "fiscal cliff" summit. >> here we are five days from the new year, and we might finally start talking. >> reporter: today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chambers of congress. >> i don't know time-wise how it can happen now. >> reporter: under senate rules the only way a bill could make its way through the procedure hurdles in time is if every senator agrees not to slow the progress. the house will be back here sunday night giving them just more than 24 hours to vote on any bill the senate works out. outside the beltway, carlino will be watching. >> everybody's kind of in a wait-and-see and fingers crossed perspective right now. >> reporter: since 1930, this is only the fifth time congress has worked after christmas. tara mergener for cbs news, washington. >>> today's meeting will be the first time president obama and all four leaders of
. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a "fiscal cliff" summit. >> here we are five days from the new year, and we might finally start talking. >> reporter: today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chambers of congress. >> i don't know time-wise how it can...
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Dec 28, 2012
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i have asked senator reid to do this. put a bill on the floor of that make sure taxes on the middle class does not go up, that unemployment insurance is available for 2 million people, and it lays the groundwork for additional deficit reduction. let us not miss this deadline. that is the bare minimum we should be able to get done. it should not be hard since democrats and republicans say they do not want to see taxes go up on middle-class families. i have to repeat -- outside of washington, nobody understands how it is that this seems to be a repeat pattern over and over again. ordinary folks do their jobs. they meet deadlines. they sit down and they discuss things and then things happen. if there are disagreements, they sort through them. the notion that our elected leadership cannot do the same thing is mind-boggling to them. it needs to stop. i am modestly optimistic that an agreement can be achieved. no one will get 100% of what they want. let us make sure that middle- class families in the economy are not adversely i
i have asked senator reid to do this. put a bill on the floor of that make sure taxes on the middle class does not go up, that unemployment insurance is available for 2 million people, and it lays the groundwork for additional deficit reduction. let us not miss this deadline. that is the bare minimum we should be able to get done. it should not be hard since democrats and republicans say they do not want to see taxes go up on middle-class families. i have to repeat -- outside of washington,...
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Dec 29, 2012
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senator reid is not here yet. it does seem like the republicans are perhaps either working with other republicans or working out the details of this possible deal. i think we're in the real working hours right now, and perhaps the less said by these major players at least for the moment, the better. >> the yes, well, let's hope that's the case. jessica, both sides still seem to be aways from what they want and everyone seems to be saying no one is going to get 100% of what they want, right? >> it's a compromise. everybody knows that at this point. i know the staffs of the two leaders are in touch and contacting each other trying to get closer. i can tell you what democrats want is, as you know and the president has made clear, a tax increase for people who make households that make $250,000 and more. an extension of unemployment benefits that affects some 2 million americans or so, a delay in those massive spending cuts that congress put into a package a year ago. increase in the estate tax. now, what do republica
senator reid is not here yet. it does seem like the republicans are perhaps either working with other republicans or working out the details of this possible deal. i think we're in the real working hours right now, and perhaps the less said by these major players at least for the moment, the better. >> the yes, well, let's hope that's the case. jessica, both sides still seem to be aways from what they want and everyone seems to be saying no one is going to get 100% of what they want,...
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Dec 30, 2012
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senate majory leader harry reid, senate minority leader mitch mcconnell. they are trying to come up with something that can pass the house and the senate. the president laid out a proposal earlier this evening. at the beginning of this meeting. $250,000 per year. that income would be shielded from tax increases, and now he wants an extension of unemployment insurance. that is something that essentially a nonstarter in a republican-controlled house. now he is leaving it up to the two leaders in the u.s. senate try to reach a compromise. something perhaps along the line of what is being negotiated between the speaker and the president a couple of weeks ago. perhaps a tax increase for amounts of more than $400,000 or $500,000 per year. also, senate leaders want to includsomething on the este tax, according to a white house official. we'll can also be key to this is that the white house officials are also telling fox news and ed henry that it appears as though the debt ceiling is not part of that. this is a huge nonstarter for republicans in the house. they wa
senate majory leader harry reid, senate minority leader mitch mcconnell. they are trying to come up with something that can pass the house and the senate. the president laid out a proposal earlier this evening. at the beginning of this meeting. $250,000 per year. that income would be shielded from tax increases, and now he wants an extension of unemployment insurance. that is something that essentially a nonstarter in a republican-controlled house. now he is leaving it up to the two leaders in...